Selling a house is very emotional decision until & unless you have bought the same for investment purpose. 1st thing which comes to mind is How to Increase Resale Value of Home? I will share some tips & tricks which can help u to increase resale value of home by 20%-25% 1. Vacate the house before sale: Yes, you read it right. This is biggest mistake many people make that they put occupied house for Sale. The reason is occupied house looks 30%-40% smaller compared to vacant house. Secondly, in occupied house potential buyer cannot judge the exact space available, thanks to human mind ... Read More
Endless Wait for Property Prices to Fall !!!
The Endless Wait for Property Prices to Fall will never end. From my childhood days, i kept reading in Newspapers that every Middle Class Indian aspire for "Roti, Kapda aur Makaan" and wait for Property Prices to Fall. Today, i would like to modify this slogan to "Job, Gold aur Makaan". Out of 3, "Makaan" is still a common factor & an illusive aspiration for Indian Middle Class. Fight for Roti and Kapda is over for Indian Middle Class and no longer aspiration becoz its very well within the reach of middle income group. Owning a House or Property is still out of reach for million of ... Read More
Real Estate – A Serious Business for Income Generation
Last weekend, one of my friend invited me for Dinner and during course of informal chat, he informed me that he has aspiration to start his own business....Its not only this gentlemen but there are whole lot of executives who would like to quit their job becoz of uncertain economic environment & are seriously considering to try their luck in entrepreneurial skills. These people are looking for some great project for investment. Though its easy to say but to start own business is also very difficult task & involves very high risk. I gave a thought for a while and suggested my friend, ... Read More
Bank Auctions – The Cheaper & Smarter Way to Buy Your Dream House
Currently Economy is going through very Bad Phase...High EMI's, No Salary Hike & Fear of Job Loss are giving jitters to majority of Salaried Class...By the way, i am also part of this Stressed, Depressed but still well Dressed lot :) but fortunately things are still not that bad for many. Every phase is blessing in disguise for some irrespective its Good or Bad, i mean Bad phase is also beneficial or profitable for some lucky ones...Why, i will explain...In this uncertain environment, Specially Salaried class find it most difficult to serve their Home Loan EMI's, which form a major chunk ... Read More
10 Things You Must Do Immediately After Buying a House
After buying a house, we tend to relax and think that we have completed entire process..Unfortunately we are wrong and there is a lot need to be done after buying a house, infact it is as hectic as buying a house..I am listing down 10 Things You Must Do Immediately After Buying a House which are very critical & should be completed as fast as possible. 1. Storage of Property Documents: Immediately after buying a house or land, you should make atleast 2-3 set of photocopy of all documents related to purchase. If you have bought house on Loan then kindly ensure you have taken a photocopy of ... Read More
5 Reasons why you should not hire Property Management Services?
As i mentioned in my previous articles that Indians go abroad, copy the concept & try to implement in India…Property Management Services (PMS) is again one such foreign concept…In metro cities, these firms are mushrooming in every nook and corner of the city. As usual these companies forgot to understand the basics behind this concept..You must be wondering what’s wrong with Property Management Services; I am listing down 5 reasons why u shud not hire Property Management Services 1. Subletting not allowed as per Law in many Indian States: In simple terms subletting means "To let or lease ... Read More